Latest news with #VincentTan
BBC News
20 hours ago
- Business
- BBC News
Barry-Murphy 'underwhelming', Bale bid 'fantastic'
BBC Sport Wales asked Cardiff City fans for their views on potential new ownership of the club by a Gareth Bale-led consortium and the new management after the appointment of Brian Barry-Murphy as head Barnard:I have supported Cardiff City for 60 years and over the past few seasons I have not enjoyed it at all. Tan has no clue how to run a football club and it breaks my heart to find us in Division One. We need some fresh blood and I would be delighted to see Gareth Bale and his Associates come in and make my club a Premier League Club Thomas:I think the club need a change of direction, no identity or solid leadership for a while now at Cardiff City, we became an established Championship team but then struggled with lack of, or correct investment, in the right players and managers. Grateful to Mr V Tan for the many good seasons and taking us to the Premiership and previous good players and managers, but now in League 1, a rebuild and new leadership is required to steer the club in right direction and unite fans and club Harding:BBM quite an underwhelming appointment, but has fantastic opportunity to work with some really talented youngsters. Bale would have the City rocking. Although the fans would take anyone to replace Tan at this point, not just an American consortium fronted by Bale!Shaun Bond:[Bale] Would make a lot of us fans very happy. Tan selling generally would but with a footballing hero local lad would be even Jones:Very average season ahead. Can't see how we will attract good players in League One. Need a change of ownership and a clear football MorganFantastic news that Gareth Bale wants to spearhead a takeover of our club. We need people on the board with football knowledge unlike the present board of directors who are responsible for running down our club into League Thompson:I hope Bale and co buy us! Having a fan at the wheel would make such a difference compared to someone who never shows up.
Wales Online
3 days ago
- Business
- Wales Online
Cardiff City's actual valuation and the huge sums Vincent Tan would need to write off if sold
Cardiff City's actual valuation and the huge sums Vincent Tan would need to write off if sold A consortium led by Gareth Bale is keen on buying Cardiff City Cardiff City owner Vincent Tan (Image: Getty Images ) Gareth Bale's interest in Cardiff City has generated a fair amount of excitement among Bluebirds fans, many of whom will still be coming to terms with the club's devastating relegation from the Championship last season. Rightly or wrongly, there's a growing belief within the fanbase that a change of ownership is needed if Cardiff is to live up to its potential, but current owner Vincent Tan has already publicly insisted he remains committed to the club - and to getting them out of the third tier at the first time of asking. The interest from Bale and co has nevertheless unsurprisingly captured the imagination of supporters. But if a sale is to happen to anyone, it will be under the say-so of Tan, whose investment over the years has deepened the connection between the two parties. Join the Cardiff City breaking news and top stories WhatsApp community The ongoing dispute with Nantes on the back of the Emiliano Sala tragedy is likely to have some impact, but there are broader issues at play. As football finance expert Kieran Maguire explains, if Tan is to leave, he will likely have to accept he will be walking away with a considerable loss on his investment. "There's no doubt that Vincent Tan has been a very benevolent owner," Maguire told WalesOnline. "He has funded the losses of the club, and since taking over the club in 2010, the club has lost over £200m in that period. Article continues below "He's taken it all on the chin and provided huge amounts of funding to allow the club to try and be competitive. He might have now reached the point where he's not enjoying it any more. He might have other plans for his money. "But he's not going to get his money back," he continued. "As an experienced owner he's going to have to acknowledge that. There are many people that have walked away from football clubs with their fingers burned. It's a brutal industry. "He's written off some loans already. The latest loan figure is £117m outstanding. It's highly unlikely he'll get that back in League One." Just how much of those losses will be passed on to Tan's valuation of the club isn't entirely clear at this stage. Clearly the view is that an offer simply too good to refuse would be required if a new era is to be ushered in at Cardiff City Stadium. However, the market value of the club is, Maguire explains, likely to be somewhat lower than what Tan might be hoping for. "I know a League One club that was sold last year that went for around about two times its revenue. The revenue for Cardiff next season is probably going to be something like £15m in League One. "If he sells it for £30m, I don't know what the situation is with the stadium, but that wouldn't be a bad price. He might be able to squeeze a little bit more if the stadium's thrown in. But the stadium loses money. Football stadiums are only open about 25 times a year. Then you've got the cost of maintenance, the cost of insurance, the day-to-day costs. "I think Orient were sold for less than £20m and was without the stadium as that's owned by a third party. But they're a London club and that includes a London premium as far as the price is concerned. "But I can see no logical reason for someone to pay £200m for a club in League One. Newcastle went for £300m with a 50,000 capacity stadium and in the Premier League. That was four years ago and I'm not denying there's been inflation since then. But even so. Wrexham are being quoted at $350m, but the value in Wrexham is not in the football club it's in the owners. "If Cardiff are continuing to lose the money they have been losing, which I think works out at more than £200k a week in each of the last five seasons, then he's going to be losing another £200k a week for another year if he doesn't sell the club. "So there's a case for saying 'get out and just cut your losses'. If he gets £30m-£35m that's actually not a bad deal in today's market." The proposed deal is believed to have received backing from American investors, with members of the Storch family reportedly heavily involved. Maguire believes the stadium, fanbase and transport connections all make Cardiff an attractive proposition to investors on paper, and while Bale is unlikely to be pumping in much of his own money, this interest falls in line with what's been an ongoing pattern within the EFL. "There has been an idea in recent years of bringing in someone that's effectively going to be front of house in terms of the deal," Maguire continued. "We've seen that at Birmingham with Tom Brady, we've seen it at Wrexham with Ryan Reynolds and Rob McElhenney, and we've seen it at Swansea with Luka Modric. "There is a view that you will be able to attract other potential investors. You might also be in a stronger position to negotiate with sponsors as not only are you sponsoring Cardiff City Football Club. It's Gareth Bale's Cardiff City Football Club. Article continues below "The reason it's become popular is largely due to Wrexham. It's been a wildly popular story and has become hugely profitable. They're buying a club for around £2m that is now quoted as being around £250m. They've probably got first mover advantage there, and it's a difficult model to replicate. "Birmingham have had some success with Brady, but that's a different dimension. We're seeing one or two American sports people involved in the ownership of Liverpool, but that doesn't seem to have moved the dial there. "But I think we'll see it again until it's deemed to be a failure."
Rhyl Journal
3 days ago
- Business
- Rhyl Journal
Gareth Bale ‘would be heavily involved' if Cardiff takeover goes ahead
Bale spoke publicly about his interest in purchasing the League One club on Monday, saying it would be a 'dream come true' if a deal could be done. A source close to the former Wales captain told the PA news agency on Tuesday Bale would not be content to be a bit-part player in any takeover. Asked what sort of role Bale might take on, the source said: 'A very significant one. He is not going to be a bit-part player. This is a guy who has been super-successful and doesn't need to put his name to something just for the sake of it. He would be heavily involved. He believes he is the right person for this. 'Cardiff is the only club he wants to do a deal for. Now's the time, with the club in the doldrums, to put some TLC into the club and get them back to the Premier League.' The Bale consortium is believed to feature both British and American investors. Speaking on the red carpet at the premiere for F1: The Movie on Monday evening, Bale told Sky Sports: 'We are interested in getting Cardiff. It's my home (town) club, it's where I grew up and my uncle used to play for them. To be involved with an ownership group would be a dream come true.' Bale's camp accepts the decision to sell ultimately rests with Cardiff owner Vincent Tan. 'If (Tan) is willing to sell it, there is no better person as far as custodianship, and with the correct intentions to the place, than Gareth,' the source close to Bale said. Cardiff declined to comment on the Bale consortium's interest when contacted by PA on Tuesday.
North Wales Chronicle
4 days ago
- Business
- North Wales Chronicle
Gareth Bale ‘would be heavily involved' if Cardiff takeover goes ahead
Bale spoke publicly about his interest in purchasing the League One club on Monday, saying it would be a 'dream come true' if a deal could be done. A source close to the former Wales captain told the PA news agency on Tuesday Bale would not be content to be a bit-part player in any takeover. Asked what sort of role Bale might take on, the source said: 'A very significant one. He is not going to be a bit-part player. This is a guy who has been super-successful and doesn't need to put his name to something just for the sake of it. He would be heavily involved. He believes he is the right person for this. 'Cardiff is the only club he wants to do a deal for. Now's the time, with the club in the doldrums, to put some TLC into the club and get them back to the Premier League.' The Bale consortium is believed to feature both British and American investors. Speaking on the red carpet at the premiere for F1: The Movie on Monday evening, Bale told Sky Sports: 'We are interested in getting Cardiff. It's my home (town) club, it's where I grew up and my uncle used to play for them. To be involved with an ownership group would be a dream come true.' Bale's camp accepts the decision to sell ultimately rests with Cardiff owner Vincent Tan. 'If (Tan) is willing to sell it, there is no better person as far as custodianship, and with the correct intentions to the place, than Gareth,' the source close to Bale said. Cardiff declined to comment on the Bale consortium's interest when contacted by PA on Tuesday.
Leader Live
4 days ago
- Business
- Leader Live
Gareth Bale ‘would be heavily involved' if Cardiff takeover goes ahead
Bale spoke publicly about his interest in purchasing the League One club on Monday, saying it would be a 'dream come true' if a deal could be done. A source close to the former Wales captain told the PA news agency on Tuesday Bale would not be content to be a bit-part player in any takeover. Asked what sort of role Bale might take on, the source said: 'A very significant one. He is not going to be a bit-part player. This is a guy who has been super-successful and doesn't need to put his name to something just for the sake of it. He would be heavily involved. He believes he is the right person for this. 'Cardiff is the only club he wants to do a deal for. Now's the time, with the club in the doldrums, to put some TLC into the club and get them back to the Premier League.' The Bale consortium is believed to feature both British and American investors. Speaking on the red carpet at the premiere for F1: The Movie on Monday evening, Bale told Sky Sports: 'We are interested in getting Cardiff. It's my home (town) club, it's where I grew up and my uncle used to play for them. To be involved with an ownership group would be a dream come true.' Bale's camp accepts the decision to sell ultimately rests with Cardiff owner Vincent Tan. 'If (Tan) is willing to sell it, there is no better person as far as custodianship, and with the correct intentions to the place, than Gareth,' the source close to Bale said. Cardiff declined to comment on the Bale consortium's interest when contacted by PA on Tuesday.
